What do you understand by the terms point estimate and confidence interval estimate? How do these two
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What do you understand by the terms ‘point estimate’ and ‘confidence interval estimate’? How do these two estimates determine the population parameter?
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Point Estimate A point estimate is a single value that is used to estimate an unknown population parameter based on sample data It provides a best gue...View the full answer
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Related Book For
Public Finance An International Perspective
ISBN: 9789814365048
1st Edition
Authors: Joshua E. Greene
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